Infineon to sell Mosel shares
Infineon Technologies AG plans to sell NT$645 million (US$19 million) of ProMos Technologies Inc (茂德科技) shares after three Infineon officials were removed from the board of the Taiwan venture it founded with Mosel Vitelic Inc (茂矽電子).
Infineon told the Taiwan Stock Exchange it will sell 57.6 million shares, or 5.8 percent of its 30 percent stake in ProMos. The stake is worth NT$645 million based on the stock's closing price of NT$11.20.
Under Taiwan regulations, Infineon may sell stock each day equal to no more than 1/10 of 1 percent of all outstanding shares, or 5 percent of the average volume in the previous 10 sessions.
Student lending restricted
Students under 20 who have not maintained a stable income for 12 months or longer will no longer be allowed to be a principal credit-card holder, the Ministry of Finance's Bureau of Monetary Affairs said in a statement.
The bureau said the new measure is coming at a time when major issuers felt the heat from credit-card defaults in Taiwan. During a recent meeting, issuers agreed not to be aggressive in offering cards to students who can't manage debt, it added.
Moreover, the issuers have also authorized parents to check the bills of young cardholders, or ask to terminate their cards if necessary, the bureau said.
Taxi fares rise over the holiday
Taipei City taxi rates will increase over Lunar New Year holiday again, the city government's Bureau of Transportation announced yesterday.
From Jan. 28 until Feb. 5, daytime taxi fares will run at the current night-time rate, while taking evening cab will cost an extra NT$20 over this eight-day period, the bureau said.
In the run up to Lunar New Year, taxi drivers will be required to put up notices in their cars informing customers of the changes, to avoid possible altercations over fares, it added.
Drivers who overcharge or refuse to take the fare can be reported to one of the following numbers -- 2394-9007 during daytime and 2321-9166 at the evening.
Waste technology sold
The country has sold its technology to condense nuclear waste to Japan's Hitachi and is negotiating to sell it to European countries, the Liberty Times said yesterday.
Nuclear Research Institute (NRI) Hitachi signed the deal in Taipei on Monday. Hitachi will use the technology to reduce nuclear waste at a newly-built Japanese nuclear power plant, the paper said.
"Japan is very strict with nuclear waste management. Hitachi's signing the deal shows Taiwan's nuclear waste management technology is among the best in the world," the paper quoted Chen Kuo-cheng (陳國誠), vice director of the Atomic Energy Council, as saying.
NRI began developing low radioactive-level nuclear waste condensation technology 10 years ago. Taiwan's No. 3 Nuclear Power Plant began using the technology in 1998.
China to get first Snoopy park
Shunde Jiaxin Co, a real estate developer in southern China, will spend HK$100 million (US$12.8 million) to build the country's first Snoopy theme park in Guangdong province, the Central News Agency said.
NT maintains up-trend
The New Taiwan dollar yesterday continued to gain ground on its US counterpart, rising NT$0.030 to close at NT$34.528 on the Taipei foreign exchange market.
Turnover was US$432 million, compared with the previous day's US$443 million.
Agencies
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